Presentation delivered at the Women in Finance Conference, South Africa. The presentation deals with Integrated Sustainability Reporting, South Africa, 2010.

1. Integrated Sustainability Reporting Reana Rossouw Next Generation Consultants

2. Sustainability A term which has been redefined and now supersedes the term Social Responsibility; has become a crucial business focus globally, across the private, public and NGO sectors in developed and developing countries alike.

3. Theoretical Model www.naturalstep.com

4. The Sustainable Enterprise “ As we face a sustainability crises that could ultimately even threaten our very existence as a species, we need to know how our companies are positioned to rise to the challenges, provide solutions and adapt to coming changes” Ernst Ligteringen, CEO, GRI

5. The roadmap to sustainability’s biggest priority by far is performance . Companies must produce tangible results that put them on a truly sustainable path. Performance will be the ultimate measure for evaluating a company’s progress towards achieving sustainability. Richard Locke Deputy Dean and Professor of Entrepreneurship, MIT Sloan School of Management

7. It’s not all about reporting… It’s about management and business practices

21. GRI Guidelines Organisations whose sustainability reports are based upon the GRI Guidelines Disclose outcomes and results that are occurred within the reporting period in the context of the organisation’s commitments, strategy and management approach.

22. www.globalreporting.org

25. Reporting Principles * * GRI G3 Guidelines Defining Content Materiality Topics and indicators that reflect social, environmental, economic impacts that would influence stakeholder assessments and decisions Stakeholder Inclusiveness Identify stakeholders and explain how responded to their expectations Sustainability Content Performance in the wider context of sustainability Completeness Material topics, indicators and definition of reporting boundary to reflect impacts Defining Quality Balance Reflect both positive and negative aspects of performance Comparability Issues and information should be selected, compiled and reported consistently Accuracy Information sufficiently accurate and detailed for stakeholders to access performance Timeliness Reporting occurs on a regular schedule and information is available in time to make informed decisions Clarity Information presented in a manner that is understandable and accessible Reliability Information and processes used to prepare report should be gathered, recorded, compiled, analysed and disclosed in a way that could be subject to examination Boundary Setting The Sustainability Report should include the entities over which the reporting company exercises control or significant influence both in and through its relationships with various entities upstream (e.g. supply chain) and downstream (e.g. distribution & customers)

27. Application Levels G3 Profile Disclosure G3 Management Approach Disclosures G3 Performance Indicators & Sector Supplements Performance Indicators Report on 1.1 2.1 – 2.10 3.1 – 3.8; 3.10 – 3.12 4.1 – 4.4; 4.14 – 4.15 Not Required Report on all criteria listed for Level C plus: 1.2 3.9; 3.13 4.4 – 4.13, 4-16 – 4.17 Report on a minimum of 20 Performance Indicators, including at least one from each Economic, Environmental, Human Rights, Labour, Society, Product Responsibility Core + Additional Indicators Management Approach Disclosures for each indicator Category Report on a minimum of 10 Performance Indicators, including at lease one each of Economic, Social and Environmental Core Indicators Report on each core G3 and Sector Supplement Indicator with due regard to the Materiality Principle by either: a) Reporting on the Indicator or b) Explaining the reason for its omission Not applicable is not valid – Must explain i.e. not material, no data, no commitment, proprietary information Management Approach Disclosures for each indicator Category Same as requirement for Level B Report Application Level C C+ B+ B A A+ Report Externally Assured Report Externally Assured Indicator Guidelines: 1. Depend on what level of report (A, B, C) you are aiming for 2. Always core, then additional, then sector supplements, then others (industries, new, other) Report Externally Assured

29. In closing: Reporting is not an end in itself. Even good reporting does not necessarily result in improved sustainability.

30. Thank You Please note: This presentation is part of a larger body of research and knowledge. For more information: [email_address] www.nextgeneration.co.za